BOE Report

BOE Report Staff

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North America leads the world in production of shale gas

Source: U.S. Energy Information Administration, LCI Energy Insight, Canada National Energy Board, and Facts Global Energy Note: Canadian data uses "marketable production," which is comparable to dry production. The United States and Canada are the only major producers of commercially viable natural gas from shale formations in the world, even though about a dozen other countries have conducted exploratory test wells, according to a joint U.S. Energy Information Administration [Read more]

Energy Information Administration reports and data halted with US govt shutdown

One department hit by the US govt. shutdown is the US Energy Information Administration. The organization is responsible for critical reports related to the energy market, including: gas storage reports, crude oil and petroleum inventory and several others. Below is the notice posted on EIA.org: As a result of the lapse in appropriations for the U.S. Energy Information Administration, the EIA.gov website and our social media channels will not be updated after 1:00 p.m. Eastern Time on [Read more]

Pipeline push begins at National Energy Board hearings

MONTREAL - A pipeline operator has begun arguing its case to send oilsands crude flowing from the Alberta oilpatch to Eastern Canada, in a controversial proposal to reverse the flow on one of its lines.The National Energy Board hearings into the proposal by Enbridge Inc. have gotten underway at a time when Canada is struggling to find ways to ship Alberta bitumen to foreign markets amid stiff opposition fuelled by safety and environmental concerns.Representatives for Enbridge made their case in [Read more]

Massive investments suggest BC LNG industry no pipe dream: minister

VANCOUVER - British Columbia's minister of natural gas development says a commitment by a Malaysian national company to build a liquefied natural gas plant in B.C. and investment by other countries suggests the province isn't chasing an LNG pipe dream.Rich Coleman will leave Friday for Malaysia, South Korea and China to promote what he calls B.C.'s competitive advantage when it comes to the LNG industry.Coleman says B.C.'s abundant natural gas supply could provide Asia's needs for 84 years [Read more]

After First Nations band accuses BC Govt of violating international law by issuing Enbridge permits, United Nations shows up to investigate!

After releasing the press release "First Nations Accuse BC Government of Violating International Law by Issuing Enbridge Permits; Call on United Nations Special Rapporteur to Investigate", a UN representative actually arrived in Canada to examine the plight of the aboriginal people in Canada. The UN has dispatched law professor James Anaya to speak to First Nations representatives and government officials as he drafts a report for the world body. "The idea is to get a first-hand view of [Read more]

U.S. expected to be largest producer of petroleum and natural gas hydrocarbons in 2013

Source: U.S. Energy Information Administration Note: Petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids, including biofuels. Barrels per day oil equivalent were calculated using a conversion factor of 1 barrel oil equivalent = 5.55 million British thermal units (Btu). The U.S. Energy Information Administration estimates that the United States will be the world's top producer of petroleum and natural gas hydrocarbons in [Read more]

Pipeline crew digs up earth near Spirit River, uncover MASSIVE DINOSAUR FOSSIL

While using a backhoe to dig up earth near Spirit River Alberta, crews working on a new pipeline for Tourmaline uncovered a gigantic dinosaur fossil. The fossil is estimated to be around 30 meters in length. The backhoe operator dug into what he thought was a rock, but after grabbing a piece from the ground and examining a pattern in the earth the worker noticed he dug up a series of fossils. After the discovery the workers stopped digging and waited for paleontologists to come to [Read more]

Long-term oil futures to remain soft despite recent spot price according to Deloitte forecast

CALGARY, ALBERTA (October 1, 2013) – While the current conflict in Syria has put upward pressure on the current spot price for oil and on short-term oil futures, a Canadian domestic oil and gas forecast released today by Deloitte’s Resource Evaluation & Advisory practice indicates that the long-term futures for WTI are still soft and point to a long-term price near US$85.00/bbl by 2018. See historical Canada oil and gas prices... In the commentary accompanying Deloitte’s September 30, [Read more]

Most American’s support Keystone, oppose fracking!

According to a Pew research poll, most American's support the Keystone XL pipeline but oppose fracking. The study found 65% of Americans are in favor of building the pipeline, with Democrats showing 51% support and Republican support at 82%. When it comes to fracking, 44% of Americans favor and 49% oppose increased use. Read the entire report here... [Read more]

REPORT: Harvest refinery up for sale

According to the Wall Street Journal, KNOC has decided to put Harvest's Come By Chance oil refinery in Newfoundland up for sale. The paper sites KNOC hired Deutsche Bank to sell the 115,000 bbl/d facility. The company's refining operations lost $106.6 million in the first half of 2013. The news comes shortly after reports that KNOC is looking to exit Canada and sell Harvest Operations. Harvest spokeswoman Kari Sawatzky refused to directly comment on the matter, but said “We’re [Read more]